Hong Kong

TK Elevator’s TWIN challenges conventional elevator systems

TK Elevator’s TWIN challenges conventional elevator systems

Its ability to operate two elevator cars in one shaft has eased a huge pain point in the usability of floor space in high-rise buildings.

On a day trip? This marketplace allows 2-hour hotel stay and anytime-check-in

With Flow, customers can cut 50% to 70% of the price they usually pay for an overnight stay.

Tencent Music plans to debut in Hong Kong as early as next week: report

Marketing activites are said to start in the next few days.

Gov’t adds EAST Hong Kong as designated quarantine hotel

Inbound travellers undergoing quarantine can book the hotel starting 15 September.

En-bloc industrial property worth $1.08b in Chai Wan up for sale

It can be redeveloped into a mega logistic and data centre.

Gov’t sets final issuance amount of its 7th silver bond at $45b

It's higher than its target issuance amount of $35b.

Gov’t removes quarantine requirement for aircrew

They can leave the airport upon their arrival if they obtain a negative test result.

Gross value of construction works rises 3.8% YoY to $59.5b in Q2

Of the total, $15.2b were from construction works performed at private sector sites.

Situation of SMEs improves but remains unfavourable

The diffusion index (DI) on business receipts amongst SMEs rose to 45.4 in August.

How your business can get the most out of the metaverse

From the MTR’s launch of a ‘Web3’ (an internet service using decentralised blockchains) metaverse partnership with The Sandbox platform to K11 MUSEA’s METAVISION NFT showcase on HSBC’s Main Building façade back in June 2022, signs of metaverse are proliferating in our lives, and proliferating fast.

HK is still the world’s freest economy: Fraser Institute

It held the top rank since the inception of the annual economic freedom report.   Despite a 0.28 point drop in its rating, Hong Kong still ranked first in the latest Economic Freedom of the World report by the Fraser Institute, making it the freest economy in the world.   According to the Fraser Institute, Hong Kong has held the top rank in the index since the inception of its annual economic freedom report in 1980. Frasers Institute issued the report in 1980, 1990, 2000, 2010, 2015, 2019, and 2020, with the latter being the latest edition.   Fraser Institute measures the degree of economic freedom in five areas – the size of government, legal system and property rights, sound money,  freedom to trade internationally, and regulation.   Hong Kong got a rating of 8.24, 7.5, 9.65, 8.73, and 8.84 in the five areas, respectively.   The government, for its part, welcomed the Fraser Institute's ranking, adding that the result affirms the city’s “commitment to maintaining an efficient, free, open and fair business environment.”   The government added that it will continue to consolidate Hong Kong's strengths ---  free flow of capital, free trade, judicial independence, and more  ---  to provide a conducive environment for businesses.

Business receipts of major service industries ‘improve’ in Q2

This is thanks to the moderated epidemic and eased health measures. 

How can office landlords achieve ESG goals?

Only 38% of total Grade A office stock is environmentally certified, as per Colliers.

BOC Hong Kong arranges $115.8m green-linked loan for China Overseas Land & Investment

COLI will enjoy savings in borrowing costs should it meet performance targets.